LN On The Air

Live Nation, which spun off from Clear Channel, the No. 1 radio conglomerate, has signed a deal with the No. 2 company.

LN has signed a multiyear sponsorship deal with CBS Radio. As part of the agreement, CBS will help promote Live Nation concerts and Live Nation will assist with radio station concerts.

The contract formalizes a business partnership between the two companies; several CBS stations already work closely with Live Nation.